I checked with my lender to ensure that a quit deed claim is something they're ok with.  It's being purchased under my name.  I've upped my umbrella insurance as well.I live in Washington State.  Investment 1 is in Al...

Normally you are only entitled to a deduction when you are legally required to make the payment.However, normally people would just list all the expenses on the partnership return and distribute the K-1 to the partners.

Having them obtain a permit also connects them to the job.

Hi @Danielle Kirkman A General Contractor is a licensed contractor that is qualified to pull permits within the state he or she is licensed in.

You need to study your state landlord tenant regulations and ask for a opinion from a legal rep familiar with the codes.

To my knowledge I am not  aware of codes that will legally allow renting a in-law suite.

I personally would rather lose a few bookings here and there, than put myself in any possible legal trouble. 

No legal advice given.    

That's the best way for a ton of legal reasons.

@Thomas S. so we can give advice and we won’t be in any legal issues?